Indian equities set to open flat as global rally pauses

India's equity benchmarks are set for a muted start on Thursday, after hitting a nearly seven-month high earlier this week, with analysts seeing consolidation following a rally driven by trade deal progress and macroeconomic stability gains. The Gift Nifty futures were trading at 24,724.5 as of 8:20 am IST, indicating that the Nifty 50 will open near Wednesday's close of 24,666.9.